Summer is officially upon us in the DFW metroplex. School is out for most kids, we just celebrated Memorial Day and it's starting to get hotter outside! The real estate activity always picks up in the summer, and 2025 seems to be no exception. The trend of home sale prices rising throughout May and June seems to be continuing this year, with the average sales price of a home in North Texas on the rise heading into June. The average home sales price, according to our North Texas MLS, is $479,000, which is up approx. 2% year over year. Because there is a such a variety in the quality of properties, situations and price points in the DFW metroplex, a better statistic to use would be the median home sales price, which currently is approx. $373,000.

The market appears to be more balanced than it usually is, with home buyers getting the slight edge as we head into the summer. For buyers, the opportunities are all around! There are more homes available for purchase in the DFW metroplex than EVER before, according to the MLS data I pulled dating back to 2003. Currently, there are almost 48,000 properties for sale, which is up 28.6%. In addition to the record number of homes for sale, the time a property is staying on the market is also on the rise year over year. Currently, the median time a home stays on the market before going under contract is approx. 33 days, which is up 32%. The current average "Days On Market" for a property is approx. 61, which is up 17%. In addition, across the metroplex, homes are selling for an average of 97% of the original sales price, which is still a good sign for both buyers and sellers. The opportunities to find a good deal are out there, but the market is heating up and homes are still selling fast and for a record amounts in DFW.

What makes this real estate market a bit complicated are the mortgage interest rates and the financial impact that rising costs have across the board. Despite rates still being relatively affordable (in a historical context), they are rising slightly as we head into the summer. According to Freddie Mac, a 30-year fixed rate mortgage is approx. 6.8%. That percentage is lower than it was a year ago, so that is the good news. However, costs for everyday items are still high, tariffs are still impacting everyone's spending power and insurance costs are continuing to rise and be an issue when it comes to purchasing a home. Hopefully, some of these costs will go down and interest rates will drop a bit as we head into the summer.

Here is an idea and opportunity for home buyers: Consider looking into new construction and home builder developments. Home builders across the DFW metroplex are offering a ton of incentives and lower interest rates for buyers. Home builders have an inventory issue too, and I'm constantly getting notifications from builder sales representatives about specials, good deals and monetary incentives for buyers to reduce closing costs and help make the homes more affordable.

As always, please reach out to me if you have any questions regarding the real estate market. There are nuances at every turn, so make sure you have a great real estate team guiding you through the process, whether that be buying, selling, renting or investing.

Median Sales Prices by County:

Collin – $480,000 (-3.7%)

Denton - $467,117 (-1%)

Parker – $440,000 (-2.8%)

Ellis – $423,990 (+8.7%)

Rockwall – $422,500 (+1.8%)

Dallas – $385,000 (+1.3%)

Tarrant – $350,000 (+0%)

Johnson – $349,390 (-.2%)

Kaufman – $316,085 (+.2%)

Hunt – $286,000 (+1%)